The real cost of a Dior handbag, investigation reveals

An Italian investigation has revealed that the acclaimed highly sophisticated  handbag Dior that sells for $2,780 costs just $57 to be produced.

The Italian luxury giants was reported as paying just a small amount to produce the high-end handbags that retail for thousands of dollars.

According to a report by Business Insider, the revelations have come to fore during an investigation into the alleged exploitation of workers by a Chinese-owned leather bag supplier of luxury brand Dior.

The investigation also reported that another luxury bag producer, Armani produces a bag at cost around $99, but retail it for $1,900.

National growth LS

Workers reportedly faced poor conditions, long hours, and a lack of safety measures, including sleeping on-site to produce bags non-stop, with electricity data confirming work on nights and holidays.

Dior, which is owned by LVMH, has been under investigation by authorities in Italy, who looked into the working conditions at some of the company’s factories that craft Dior handbags.

Italian police raided some of LVMH’s Dior suppliers, uncovering that these practices were part of a broader issue involving the outsourcing of luxury manufacturing to Chinese-owned firms that exploit workers.

Dior is famous for its high-end merchandise such as handbags, apparel, jewelry and other accessories, which often come with price tags that are over $1,000.

However, the recent investigation has exposed the facade that the expensive price tags match the cost it makes to produce these items.(NAN)

By Joshua Olomu

Follow Us On WhatsApp
The Favicon for the website, dogsandpurses(dot)com, features an all-black background with a minimalist line drawing of a puppy's head poking out of a stylish purse. The puppy's head is drawn with a cute and friendly expression, making it the focal point of the design. The purse, which the puppy is emerging from, is depicted with clean, elegant lines. The contrast between the black background and the white line drawing creates a striking and modern look for the Favicon.
Dogs and Purses Favicon

WANT MORE?

SIGN UP TO RECEIVE THE LATEST on PAWS and PURSES in PERFECT PROPORTION.

We don’t spam! Read our privacy policy for more info.

This post was originally published on this site be sure to check out more of their content.